esquire415

Is Zecco.com Any Match for Wells Fargo and Bank of America?

I would have loved WellsTrade with their 100 free trades including mutual funds. However, their mutual funds list is not as comprehensive as some brokers. I have been asking for a trailing stop feature for I trade many stocks and this would be handy in a volatile market but it doesn't seem like they will add this feature in the near future. The best you can do is put a stop loss order.

Zecco is even worse now since my last post. Since March, they require $25,000 equity before you can make 10 free trades....yea $25k from $2,500k....that's a freaking 1000% increase, and even if you reach that amount, it's not even an unlimited free trade. They really screwed up the many small investors they have which is their customer base. They practically eliminated free trades and now charge $4.50 per trade. The only real advantage they have over Wells Fargo is the trailing stop feature. Otherwise...they are crap! Ironically, when they first started, they criticized BofA's and Well's high minimum equity requirements to obtain free trades and now they are taking a punch in the gut for it.